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Drivers in the state of New York have plenty of car insurance companies to choose from. While having many options is great, this makes it a little harder to find the best one.
With different companies specializing in different areas, the best car insurance company is going to be the one that ticks all the boxes for you in terms of its features, its cost, and the right level of coverage.
Read on to find out what each provider in New York has to offer to determine which one is the best for you.
Does New York Require Car Insurance?
Most states require all licensed drivers to have liability coverage, and New York is no exception.
On top of this, all drivers in New York are required to have personal injury protection, commonly known as PIP and uninsured motorist bodily injury coverage, known as UMBI.
Minimum Car Insurance for NY
There are also minimum amounts set for this coverage as follows:
- Bodily injury liability – $25,000 per person and $50,000 per accident
- Property damage liability – $10,000 per accident
- Personal injury protection – $50,000
- Uninsured motorist bodily injury coverage – $25,000 per person and $50,000 per accident
Best Companies for Cheap Car Insurance in New York
Here are the top 10 providers of cheap car insurance in NY:
- State Farm
- New York Central Mutual
- Preferred Mutual
- Liberty Mutual
Geico is a low-rate auto insurance provider with a not so good reputation when it comes to customer service.
If you care about saving money more than service, then Geico might be the choice for you. Geico is financially strong and offers you many ways to save as well as fast and easy claim filing through their mobile app, website, or over the phone.
Besides basic coverages, Geico also offers optional accident forgiveness, roadside assistance, rental car reimbursement, and mechanical breakdown insurance.
- Great rates
- A lot of discounts available
- Mechanical breakdown insurance
2. State Farm
State Farm is one of the biggest car insurance providers with an excellent customer service reputation. They offer high-quality car insurance policies with higher than average rates. Their Steer Clear and Drive Safe & Save programs can help you to save some money. State Farm also has a long list of discounts.
While they offer all basic auto insurance coverage, their policies are not easily personalized. They do not offer many extra coverages, but they have coverage for classic and antique cars as long as they are properly maintained.
- Perfect customer service
- Classic car coverage
- Many discounts to choose from
Nationwide is an insurance company known for its excellent auto insurance coverage. Their rates are average in most cases, but they do have coverages that are not easy to find elsewhere. These include total loss deductible waiver, accident forgiveness, and vanishing deductible.
They also offer many discounts and a family plan, which makes car insurance more affordable for those with teen drivers in the family.
- Family plan which is a great option for families with teen drivers
- Accident forgiveness and deductible waiver
- Gap coverage
Travelers is another car insurance provider popular in the state of New York. Their rates are not the lowest, but they do have a nice list of discounts, including IntelliDrive program for good drivers and those who drive under 13,000 miles a year, good student, student away from school, and multi-policy discounts.
Besides all major coverages, Travelers also offer many extras, like accident forgiveness and disappearing deductible with special plans, gap coverage, and other add-ons.
- Nice list of discounts to help you save
- Accident forgiveness and a disappearing deductible
- Gap coverage
5. New York Central Mutual
New York Central Mutual is a highly rated car insurance provider in New York. They are known to have the best customer service in New York. NYCM is a small company, but it has the highest overall customer satisfaction in New York by J.D. Power. Their list of extra add ons is not too exciting, but they do have all major coverages.
The list of discounts is nice with many discounts for young drivers and seniors alike. Other ways to save include vanishing deductible, accident forgiveness, and inControl program.
- Many ways to save
- Excellent overall customer satisfaction
- Regional small company
6. Preferred Mutual
Preferred Mutual is another regional car insurance provider in the state of New York. They offer optional Premier Auto Endorsement, which includes rental coverage, new car replacement, and airbag and lock replacement, among others. Their rates are not on the lowest side as it is normal for smaller regional insurers, but they do offer many discounts.
Preferred Mutual does not seem to have an online quoting system, but claims can be filed online or through email.
- Premier Auto Endorsement
- Regional insurer
- Many discounts
Allstate is one of the biggest car insurance companies in the country, and they are popular in the state of New York as well. While their rates are not the cheapest on the market, drivers choose Allstate for their discounts (of which they have over 20) and claim satisfaction.
Allstate’s Claim Satisfaction Guarantee is not available in all states, but New York is one of the lucky ones. If you are not happy with how your claim was handled, Allstate will give you a refund.
- Over 20 discounts
- Claim Satisfaction Guarantee available in New York
Allstate Car Insurance Allstate offers a Smart Student Discount to drivers under the age of 25 if you meet their requirements. You can also get a multiple policy discount if you bundle in your insurance with Allstate.
Metromile is the best choice for drivers that don’t drive a lot, and many drivers in New York actually don’t. Metromile works differently from most other companies. They charge you a base rate that starts at $29, and on top of that, you will be charged for each mile you drive. The less you drive, the more you save on your premiums.
Because their rates are much lower than those of other insurers, Metromile does not offer a lot of discounts.
- Only pay for the miles you actually drive
- Customers save $741 per year on average
- Multi-car discount
9. Liberty Mutual
If you like doing things yourself, Liberty Mutual might be the best choice for you. Thanks to their online platform, you are able to update your policy, report a claim, pay your bill, and more. This makes managing your car insurance fast and easy. If you have any problems or questions, you can always contact one of their customer service representatives.
Their rates are usually on the lower side when compared to other car insurance providers, and they do have quite a lot of discounts.
- Good rates
- Many discounts
- Easy to manage your policy online
USAA is an auto insurance provider that serves military members and their families. If you are a current or former military member or someone in your family is, USAA car insurance is most likely the best choice for you. They are known for their good rates, brilliant customer service, and many discounts.
The discounts include safe driver, good student, customer loyalty, and low-mileage discounts. You can easily get a quote from them online or over the phone to compare the rates against other companies.
- Good rates for military members
- A long list of discounts
- Brilliant customer service
Cheapest Car Insurance in New York
Geico seems to have the cheapest car insurance in the Empire State in most cases with Allstate, USAA, and New York Central Mutual right behind it.
We also looked at a few different categories to find out who has the lowest rates.
- Overall cheapest: Geico
- Cheapest for Young Drivers: Geico offers the best rates for young drivers with an average of $1,706 per year
Who has the best car insurance rates in NY?
Car insurance costs depend on many factors, so there is no single cheapest auto insurance provider in NY. It might be Geico if you are a good middle-aged driver or USAA if you are a member of military or veteran, so be sure to shop around.
You can find out who has the best rates for you by getting quotes from a few different companies and comparing the offered rates.
How much does car insurance cost in NY?
The average price for car insurance in the state of New York is around 20% lower than the national average at $1,050 per year to be exact.
New York City, on the other hand, is a completely different story.
People living in New York City tend to pay more than two times than those who live in the remaining areas of the state of New York. This is mostly due to heavy traffic, crime, demographics, and accident rates.
How can I lower my car insurance in NY?
There are many ways to lower your car insurance premiums in NY. We listed some of them here:
- First of all, you should drive carefully; this includes no speeding and no DUIs.
- Driving less will decrease your chances of getting in an accident, and you might qualify for a low mileage discount as well.
- Credit score matters in NY, so make sure you have a good one
- Go paperless; many insurance companies offer discounts for this
- Shop around, get quotes, and don’t be afraid to change your insurer
- Bundle your car, house or rental policies to receive a discount
Affordable Car Insurance Quotes in NY
Finding affordable car insurance in NY is not only possible but a breeze.
Pick the insurance providers that you feel are the best fit for your requirements from our list, then make sure you get quotes.
Take the time to compare quotes – not just what you pay today but what you will pay over the course of your policy. If you want more tips on how to pay less for car insurance, read my post on how to save money on car insurance.